Hindustan Aeronautics Shares Jump 4% After Strong Q3 Results, ₹25 Dividend Declared
Hindustan Aeronautics (HAL) shares surged nearly 4% after reporting strong Q3 earnings. The company posted a 14% rise in net profit at ₹1,439.83 crore and a 15% increase in revenue to ₹6,957 crore. EBITDA grew 17%, with margins at 24.2%. HAL announced an interim dividend of ₹25 per share, with February 18 as the record date. Brokerages remain positive, with targets up to ₹5,000. Morgan Stanley expects ₹1.65 lakh crore in new orders. The stock is still down 35% from its 52-week high of ₹5,675.
